6:04 PM,
Nov. 15, 2012

Hiatt Printing is near University and McKinley avenues. Proposed plans for the McKinley Commons are in this area.

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Ball State University offered $400,000 to buy the building housing the Hiatt Printing shop, which made a counter offer to sell the property for $1,250,000, according to court documents.

The rectangular, wood frame building clad in wood siding contains less than 4,000 square feet of commercial and student rental space. It has only a handful of parking spots. And it was built in 1925. But what makes it so valuable is its unique location at 506 N. McKinley Ave.

It stands directly across the street from BSU's Frank Bracken Administration Building and diagonally across the intersection of ...